Which of These Statements About Creativity Is TRUE

question 14

Multiple Choice

Which of these statements about creativity is TRUE?

• A) Creativity is found in only 15 per cent of the adult population in Canada.
• B) Creative people have no knowledge of the fundamental issues on that decision problem.
• C) Creativity is strongest when employees have formed strong mental models.
• D) Creative people have a strong need for social approval.
• E) Creative people tend to have a high need for achievement.

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Definitions:

Maximize Profits

The process of increasing the difference between total revenue and total costs to reach the highest possible financial gain.

Identical Costs

Costs that are the same in value or magnitude for different firms or production processes.

Price Elasticity

An economic measure of the change in the quantity demanded or purchased of a product in relation to its price change.

Marginal Cost

The cost of producing one additional unit of a good or service, a concept that is crucial in economic decision-making and pricing strategies.